If you've elected S- Status, this is also where you'll pay yourself a salary and payout the payroll taxes and anything else that goes along with that.  

Compared to an FHA loan, a conventional loan with a 5% down payment can have a cheaper monthly mortgage payment.When buying a single-family house, factors to take into account include your financial status, long-term objectives, and required down payment.

In the meantime, I have adjusted your account to Pro Annual status with a complimentary entitlement.

How many units, how big is the damage, any casualties, are other units and common areas affected, do you have contact with the tenants, whats their status etcI understand your frustration, but there is not much you could or should do physically in person anyways.

While you may be able to get away with not informing the county about the change in residency status, most of the legal residence application processes in SC counties to change your assessment ratio from 6% to 4% will require you to disclose if you currently claim this status elsewhere.

Real estate professional status is valuable because it allows us to reclassify these rental activities to active.

The trust's tax status and provisions can significantly impact the calculation of capital gains tax.Moreover, there are various exemptions and strategies that can potentially reduce or eliminate capital gains tax, such as the primary residence exclusion for individual sellers, which isn't automatically applicable to trusts but may still benefit the beneficiaries under certain conditions.For those inheriting property, the scenario shifts.

I feel it unlikely that the lender will be willing to lend on this property given the current foundation status (advice from the foundation contractor).

I've been stuck on the status " Manager Approval Required for a some time now and haven't had any luck with reaching anyone with the program.

I don’t believe Mark said you would have to do the mgmt company with a Scorp status.